The BOLBOL company has always been small, and fiscal year 2022 is no exception.

It has had a turnover of €540,000 and in 2021 €520,000. The result

accounting has been €125,000 in 2022.

In addition, we have the following information useful for the settlement of the tax

of societies.

1. The profit and loss account shows:

to. The corporate tax accounted for amounts to €30,000.

b. Customer and supplier service expenses of €6,000.

c. Christmas gifts for workers, according to the uses and customs of the company for an amount of €9,000

d. Surcharge for late VAT submission: €15,000

2. In fiscal year 2021, it has recorded the following impairment losses for insolvencies in its accounting:

to. For the debt of a company pending collection since 3/9/2022 €3,500

b. For the debt of a company in its group that is in a bankruptcy situation in the liquidation phase and pending collection since 8/1/2022 an amount of €2,200

c. On 12/31/2022, an impairment loss of €500 is made, which corresponds to 1% of the global amounts pending collection on that date, excluding those that have already been allocated and those that cannot be allocated.

3. On January 1, 2022, it acquires a mechanical bull through a financial lease contract for use in the warehouse. The value of the machine is €40,000 and its depreciation coefficient is 15%. The part of the fee corresponding to the recovery of the cost of the asset for the first year is €14,000 (the financial leasing contract meets all the conditions to benefit from the advantages established in the LIS).

4. You also purchase a new truck at a cost of €25,000, which goes into operation on January 1, 2021. For accounting purposes, the maximum depreciation coefficient of 20% applies. The purchase of this truck entails an average increase in the workforce by one person who will remain for the next 24 months.

5. He has received €2,631.58 in dividends from a company resident in Spanish territory in which he has held a 20% stake for 2 years.

6. In 2021, you have carried out R&D activities that have given rise to a deduction in the amount of €2,500. It also has a deduction for hiring disabled personnel of €4,000.

8. You have pending to apply negative tax bases corresponding to the years 2016 and 2017 in the amount of €90,000

9. Payments on account made during the year are €20,000

Calculate the differential fee

Answer rating: 100% (QA)

To calculate the differential tax fee for BOLBOL company we need to determine the taxable income for the fiscal year 2022 based on the provided information The corporate tax rate in Spain can vary but ... View the full answer